Business Personal Property FAQ

Business Personal Property FAQ

Who must file a rendition?
Renditions must be filed by both owners of tangible personal property that is used for the production of income and owners of tangible personal property on which an exemption has been cancelled or denied.

What types of property must be rendered?
Business owners are required by State law to render business personal property that is used in a business or used to produce income. This property includes furniture and fixtures, equipment, machinery, computers, inventory held for sale or rental, raw materials, finished goods, and work in progress. You are not required to render intangible personal property (property that can be owned but does not have a physical form) such as cash, accounts receivable, goodwill, application computer software, and similar items. If your organization has previously qualified for an exemption that applies to personal property, for example, a religious or charitable organization exemption, you are not required to render the exempt property. **The rendition can be notarized in any state by an authorized notary. 

Where can I find the rendition form?
The form is available under the E-services tab or click here:
https://www.wcad.org/online-business-personal-property-renditions/

When must the rendition be filed?
The last day to file your rendition is April 15th annually. The online or email versions must be submitted by April 15th, or if you mail your rendition it must be postmarked by the U.S. Postal Service on or before April 15th.

Where should the rendition be filed? 
The website allows businesses to file online by using your email address. You may also use the following address or email:
Williamson Central Appraisal District
Business Personal Property Division
625 FM 1460
Georgetown TX 78626-8050


Is my information confidential?
Yes. Information contained in a rendition cannot be disclosed to third parties except in very limited circumstances. In addition, the Texas Property Tax Code specifically provides that any estimate of value you provide is not admissible in proceedings other than a protest to the Appraisal Review Board (ARB) or court proceedings related to penalties for failure to render. The final value we place on your property is public information, but your rendition is not.

What will the Appraisal District do with my information?
Your rendition will be analyzed along with other information we collect on similar businesses, to develop an estimate of value for your property.

How do I determine original cost?
To determine original cost, refer to your accounting records, such as original journal entries and account ledgers. Use original purchase documents, such as invoices or purchase orders to determine the original cost of the asset. Add all costs attributed to getting the asset functioning, such as freight and set-up cost.

If I cannot file the rendition on time, what should I do?
The law provides for an extension of time to file a rendition. In order to receive the extension, you must submit the request to the Williamson Central Appraisal District in writing or by email before the April 15th rendition filing deadline. With the receipt of a timely extension request, the rendition filing deadline will be extended to May 15th.

What happens if I do not file a rendition, or file it late?
If you do not file a rendition, the appraised value of your property will be based on an appraiser's estimate using comparable business types. In addition, if you fail to file your rendition before the deadline or you do not file at all, a penalty equal to 10% of the amount of taxes ultimately imposed on the property will be levied against you. 
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